Author: Harry Watt
Caltex (CTX) -4.6%; a soft first half for Caltex out today but little surprises given the guidance released in late June. NPAT of $135m was 54% below the first half of 2018 with low refinery margins and the retail chain coming under pressure. In an attempt to salvage the full year they announced lower CAPEX […]
Nanosonics (NAN) +32.65%; impressive day for Nanosonics on an impressive report. The ultrasound equipment disinfectant company saw profit more than double to $13.6m, a 39% beat to consensus. The company managed to add 18% to the total installed units, currently representing 17% of the market. Penetration in North America jumps to nearly 50% while progress continues […]
Reliance Worldwide (RWC) +5.76%; Plumbing parts manufacturer Reliance saw its shares rally today on an in line result. The company met the guidance they downgraded to in May on the back of a softer than expected American winter however some were questioning the quality of the result given the reasonable currency benefit the company received. […]
IVE Group (IGL) +0.48%: Full year results today confirmed a solid year for the integrated marketing business as they navigated through some external challenges (higher input prices), the integration of new businesses, the expansion of some facilities and finally the transition to a new CEO just ahead of these results. While the FY19 financial metrics […]
Inghams (ING) – 17.08%: The poultry producer continued the run of poor results from agricultural businesses today with FY19 earnings missing expectations, however the magnitude of the share price fall was more a consequence of weaker guidance for the year ahead. The key takeaways came more from the operational / cost side rather than the […]
Stock Macquarie (MQG) $123.51 as at 28/08/2019 Event No shares in Macquarie Group will be changing hands today with the investment bank heading into a trading halt to raise a whopping $1bn in capital. The institutional placement and subsequent Share Purchase Plan for current holders comes as a result of increasing capital requirements from APRA […]
Stock Wesfarmers (WES) $39.24 as at 27/08/2019 Event The new Wesfarmers – ex-Coles, BUKI, Quadrant Energy and others – reported its full year result today with the stock trading marginally higher despite what looks like a slight miss, although a messy set of number given the significant change in the composition of the business over […]
Stock Fortescue Metals (FMG) $7.28 as at 26/08/2019 Event The stock is trading down this morning despite an impressive result scorecard for FY19. Fortescue managed a record profit of $US3.2b thanks to the iron ore price tailwind seen in the second half of the year, topping up its total dividend to $AU1.14 – to put […]
Stock Flight Centre (FLT) $48.00 as at 22/08/2019 Event Travel booking group Flight Centre is one of the best performers in the ASX200 today, trading around 10% higher in the session thanks to a solid full year report. The key line for Flight Centre is the pre-tax profit number which was right in the middle […]
Stock A2 Milk (A2M) $13.77 as at 21/08/2019 Event The market leading infant formula company a2 Milk has seen its share price tank today despite showing significant growth across the business. A2M saw sales climb 41.4% dropping down to a 47% lift in profits, however it still fell shy of the street’s expectations, missing NPAT […]
